To begin the Contract Review process, you can email your contract to Verifymatic at the email address provided. You will receive a confirmation email from Verifymatic once your contract has been received. You can also securely upload your contract to a shared folder on Dropbox, Google Drive, or other file sharing service provided by Verifymatic.
During the initial assessment, Verifymatic's team of experts will review the contract and identify any potential areas of concern. We will look for clauses that are unclear or ambiguous, terms that are unfavorable to your company, or legal language that requires further clarification. We will also consider the context of the contract, such as the scope of work, payment terms, intellectual property rights, warranties, representations, and indemnification provisions.
Verifymatic recognizes that on-site inspections are critical to ensure that suppliers meet the required standards. As part of our Contract Review service, we can visit the premises of your contracted supplier to verify that the supplier meets the necessary technical, quality, and feasibility requirements. During the site visit, we will inspect the supplier's facilities, equipment, and processes to ensure that they meet the required standards.
After completing the initial assessment and site visit, Verifymatic will conduct a detailed review of your contract. This includes a line-by-line analysis of the terms and conditions, identifying any risks or issues that may be present in the contract, and providing actionable recommendations for how to address them.
Verifymatic will consider the technical and feasibility aspects of the contract during the review process. This includes ensuring that the supplier has the necessary technical expertise and resources to complete the work according to your specifications and that the project is feasible given the supplier's capabilities and limitations.
Upon completing the review process, Verifymatic will provide you with a comprehensive report outlining our findings and recommendations. The report will include a detailed analysis of the contract, any identified risks or issues, and actionable recommendations for how to mitigate these risks. You will have the opportunity to discuss the report and ask any questions before making any final decisions.